-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
- Cosmetic Ingredient
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
All-time highs, but that's still not enough to support rebuilding inventories
.
The IGC estimates that wheat production in 2022/23 will reach another record high, continuing the trend of growth from 733 million tons in 2018/19 to 781 million tons in 2021/22
.
.
On the same day French analyst firm Strategic Grains forecast global wheat production in 2022/23 to rise by 24.
3 million tonnes year-on-year, as Canadian and U.
S.
wheat production recovers from last year's drought
.
3 million tonnes year-on-year, as Canadian and U.
S.
wheat production recovers from last year's drought
.
The IGC said, however, that wheat stocks were little changed despite an expected increase in production
.
In fact, wheat ending stocks have been hovering around 276 million tons since 2019/20
.
.
In fact, wheat ending stocks have been hovering around 276 million tons since 2019/20
.
Global inventories are little changed year-on-year as global wheat consumption is also set to hit a new high, the IGC said
.
.
In addition, stocks in major wheat exporters are expected to remain below average
.
In 2021/22, wheat ending stocks in major global project exporters stood at 54 million tonnes, down from 69 million three years ago
.
.
In 2021/22, wheat ending stocks in major global project exporters stood at 54 million tonnes, down from 69 million three years ago
.
Strategic Grains also expects global wheat inventories to increase only marginally in 2022/23, up 4.
1 million tons from the previous year to 234.
2 million
.
Although production is expected to rise, this is almost offset by growth in feed and industrial consumption
.
1 million tons from the previous year to 234.
2 million
.
Although production is expected to rise, this is almost offset by growth in feed and industrial consumption
.
In terms of the key stock-to-use ratio, supply has actually tightened, from 31.
1% in 2021/22 to 30.
9%
.
But wheat prices are still set to fall due to a modest increase in wheat supplies from major exporters
.
1% in 2021/22 to 30.
9%
.
But wheat prices are still set to fall due to a modest increase in wheat supplies from major exporters
.
Strategic Grains expects average milling wheat prices to fall to $260 to $270 per ton in 2022/23 (depending on origin), down about $50 per ton from 2021/22 and $25 to $35 from current prices
.
.
